Greif (GEF) FY2015 results: revenue $3.6 billion, down 14.7% on the year
Greif, Inc. (GEF) reported revenue of $3.6 billion for fiscal 2015, the year ended 31 October 2015, down 14.7% on the year before. Net income was $72 million, down 21.4%. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2015.
Revenue
$3.6 billion
-14.7% on the year
FY2008FY2015
Operating margin
5.3%
5.9% a year earlier
FY2008FY2015
Net income
$72 million
-21.4% on the year
FY2008FY2015
Diluted EPS
n/a
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,617
4,239
4,220
-14.7%
Cost of revenue
2,947
3,428
3,388
-14.0%
Gross profit
670
811
833
-17.4%
Gross margin
18.5%
19.1%
19.7%
Selling, general and administrative
413
497
477
-16.8%
Operating income
193
249
342
-22.7%
Operating margin
5.3%
5.9%
8.1%
Interest expense
74.8
81.8
n/a
-8.6%
Pre-tax income
115
158
244
-27.3%
Income tax
48.4
115
98.8
-57.9%
Effective tax rate
42.2%
72.8%
40.5%
Net income
71.9
91.5
145
-21.4%
Net margin
2.0%
2.2%
3.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
206
262
250
-21.2%
Capital expenditure
136
138
136
-1.5%
Free cash flow
70.5
124
114
-43.1%
Free cash flow margin
1.9%
2.9%
2.7%
Cash from investing
-146
-69.0
-101
Cash from financing
-20.1
-180
-160
Depreciation and amortisation
135
156
158
-13.6%
Share-based compensation
2.8
3.6
3.7
-22.2%
Buybacks
0.0
0.0
n/a
Dividends paid
98.7
98.6
98.3
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,016
1,142
1,265
-11.1%
Non-controlling interest
44.3
81.1
115
-45.4%
Redeemable equity
0.0
n/a
n/a
Debt
1,188
1,153
1,281
+3.0%
Other liabilities
1,068
1,291
1,221
-17.3%
Total liabilities and equity
3,316
3,667
3,882
-9.6%
Fixed assets
1,218
1,308
1,398
-6.9%
Goodwill
807
880
998
-8.3%
Intangible assets
133
166
185
-20.3%
Cash and equivalents
106
85.1
78.1
+24.8%
Receivables
404
501
482
-19.5%
Inventory
297
381
374
-22.1%
Other assets
351
345
366
+1.9%
Total assets
3,316
3,667
3,882
-9.6%
10-K for the year ended 31 October 2015, filed 21 December 2015: the filing.